The purpose of record retention requirements and a record retention program is to provide a comprehensive and cost-effective way to promote effective member service by providing credit unions access to important member information. It also provides credit unions and their members' protection in the event of damage or disaster and ensures compliance with claims, litigation, and/or IRS demands.

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

Cornerstone Credit Union League has announced its Corporate Social Responsibility Project for the 2018 Annual Meeting in Little Rock, Ark., which takes place April 18-20. Consider that while you "Putt for a Purpose" in a golf tournament on April 17 that benefits the Children's Miracle Network, your conference guest or spouse can be doing good works too.

CUNA Mutual AdvantEdge Analytics has announced that three credit unions will partner with AdvantEdge Analytics to build their advanced analytic platforms and services to gain better member insights. The credit unions are A+ Federal Credit Union, with $1.3 billion in assets, headquartered in Austin, Texas; Kemba Credit Union with $860 million in assets, headquartered in Cincinnati, Ohio; and Michigan Educational Credit Union, with $800 million in assets, headquartered in Plymouth, Mich.

Revenue and compliance are inextricably linked. The common perception is that the practice of compliance inhibits revenue generation, while the cost of compliance is a revenue drain. This lethal combination is a significant factor in the serious challenges that so many small and mid-sized financial institutions find themselves in these days. Lacking the means or capability to enter new markets and facing ever-increasing compliance costs, too many financial institutions face the prospect of either going out of business or merging with larger institutions.

All ATMs have to meet the Windows 10 mandatory upgrade by Jan. 14, 2020. Sounds far off, right? But when you add in manufacturer lead-time, implementation, and testing time, you may already be too late. Not to mention upgrade costs will go up exponentially if you wait till the last minute.